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§ 401. Application of chapter

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and BankingEffective: December 24, 2012

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Banking Code of 1965 (Refs & Annos)
Chapter 4. Fiduciary and Other Representative Powers (Refs & Annos)
Effective: December 24, 2012
7 P.S. § 401
§ 401. Application of chapter
This chapter shall apply to, and the word “institution” in this chapter shall mean, a bank and trust company, an interstate bank which has fiduciary powers under its law of incorporation, a trust company and a savings bank that has fiduciary powers, except that section 4071 shall apply only to a trust company. The powers conferred by this chapter on a bank and trust company or savings bank that has fiduciary powers shall be independent of, and shall not expand, the banking powers of such an institution.

Credits

1965, Nov. 30, P.L. 847, No. 356, § 401. Amended 1981, April 16, P.L. 9, No. 4, § 1, imd. effective; 1995, July 6, P.L. 271, No. 39, § 7, imd. effective; 2012, Oct. 24, P.L. 1336, No. 170, § 20, effective in 60 days [Dec. 24, 2012].

Footnotes

7 P.S. § 407.
7 P.S. § 401, PA ST 7 P.S. § 401
Current through 2022 Regular Session Act 40. Some statute sections may be more current, see credits for details.
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